Home USD/CAD Technical Analysis: Greenback hits 1.3240 target as DXY strengthens across the board
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USD/CAD Technical Analysis: Greenback hits 1.3240 target as DXY strengthens across the board

USD/CAD daily chart

  • USD/CAD is trading in a bull trend below the 200-day simple moving average (SMA).
  • USD/CAD hit the 1.3240 target as forecast.

USD/CAD 4-hour chart

  • USD/CAD is finding some resistance at the 50 SMA and near the 1.3240 level.
  • Technical indicators such as RSI and MACD are picking up steam but Stochastic is still below the 50 line.

USD/CAD 30-minute chart

  • On smaller time-frames, the level to beat for bulls is 1.3250 and the 200 SMA. Failure to break above 1.3250 can lead to a pullback to 1.3220 in the short-term.  
  • Ultimately, the bull target is 1.3300 figure.

Additional key levels

USD/CAD

Overview:
       Today Last Price:  1.3248
       Today Daily change:  37  pips
       Today Daily change %:  0.280%
       Today Daily Open:  1.3211
Trends:
       Previous Daily SMA20:  1.3221
       Previous Daily SMA50:  1.31
       Previous Daily SMA100:  1.3079
       Previous Daily SMA200:  1.3003
Levels:
       Previous Daily High:  1.328
       Previous Daily Low:  1.316
       Previous Weekly High:  1.336
       Previous Weekly Low:  1.3187
       Previous Monthly High:  1.336
       Previous Monthly Low:  1.3048
       Previous Daily Fibonacci 38.2%:  1.3206
       Previous Daily Fibonacci 61.8%:  1.3234
       Previous Daily Pivot Point S1:  1.3154
       Previous Daily Pivot Point S2:  1.3096
       Previous Daily Pivot Point S3:  1.3033
       Previous Daily Pivot Point R1:  1.3275
       Previous Daily Pivot Point R2:  1.3338
       Previous Daily Pivot Point R3:  1.3396

 

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